PANews reported on October 30th that the decentralized finance protocol Grove announced the launch of the Securitize Tokenized AAA-rated CLO Fund (STAC) in its official blog. This fund focuses on tokenized investments in AAA-rated CLO tranches. The fund is custodied by Bank of New York Mellon (BNY) and advised by its investment arm, Insight. Subject to governance approval, Grove will provide a $100 million pegged investment to STAC. Fund units will be issued in the form of Ethereum digital tokens, and eligible investors can subscribe through the Securitize platform.
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Formula News founder Vida is long $4.5 million in SOL and XPL
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In the past 24 hours, the total network contract liquidation was US$9.579 billion, mainly due to the long position
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